How To Establish A New Estate Office

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Whether you are looking to break into the real estate industry or you are looking to expand, a real estate office should be set up with specific functions in mind.

Real estate can be a great business to get into and can be very profitable and fulfilling if you are successful. Although the UK has its fair share of large agencies, it doesn’t take a huge company to be successful in the industry.  There are a number of small offices that have gained success which you can look to for inspiration. However, it all begins with finding and establishing your ideal office. When starting a new estate office there are a few things you need to keep in mind that you’ll need. Among several startup costs that go into a real estate business, you will need to consider a few things when you are setting up your office:
  • The location of your office space location is an important. Make sure you are in a visible location that is not already oversaturated with agencies.
  • The physical size of your office may determine how many employees and visitors you can hold.
  • A place to store valuables is essential in running a secure and responsible office.

Office Space Location

Office space is also an important aspect that needs a lot of thought. Just like when you are searching for homes for your clients, you want to make sure you pick an ideal location for your estate office. This means choosing a place that isn’t hard to locate and can be found relatively easily from main roads and streets so that people will know that it is there even if they are not currently looking for a new home. Although, estate agencies aren’t known for generating business from foot traffic, your buildings visibility is important for visiting clients and making your presence known in the surrounding community. Also, an office space around places that people frequently shop will also help. Especially if shops in the area are related to your company in some shape or form without being direct competitors. For instance, a home goods store would be an excellent neighbour for an estate agency.

The Size of Your Office

When you are choosing an office, make sure you have enough room for any employees that may set up desks in the space. You should also consider future employees and whether or not there is room to grow. Even if you are the most talented estate agent in the world, it is best to have at least one or two more agents in your office to handle meetings and property showings that might happen at the same time. Make sure your office is large enough to comfortable hold all of your employees and any visiting clients.

A Place to Store Valuables

Once you have found the ideal location that has enough space for your needs, you can start filling your office with important materials and equipment. This can range from office supplies to proper filing systems. An estate agency may hold a variety of important documents including business tax forms, Land Registry paperwork, client information and many other items. These items need to be protected from accidents like fire or flooding, theft or being misplaced. A security safe is a great way to make sure that all valuables and important items are well-secured and cannot be tampered with or destroyed from outside sources. A safe like this is large enough to hold a lot of items such as cash paper documents or digital backups, but can also store other items such as a few laptops, business cards, and important documents.